Company Announcements

Partial Loan Note Conversion & TVR

Source: RNS
RNS Number : 2673V
Sound Energy PLC
30 November 2023
 

30 November 2023

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Partial Conversion of Convertible Loan Note

 

Total Voting Rights

 

Sound Energy (AIM: SOU), the AIM listed transition energy company, advises that it has received conversion notices to issue 11,111,110 new Ordinary Shares ("Shares") at a conversion price of 2.25 pence per Share under an existing Convertible Loan Note Agreement, the terms of which were announced on 13 June 2023 ("Partial Conversion"). The Partial Conversion reduces the amount owing on the Convertible Notes by £250,000, with £250,000 remaining.

 

An application has been made for the Shares to be admitted to trading on AIM ("Admission"). The Shares will rank pari passu with the existing ordinary shares in issue and it is expected that Admission will occur on or around 8.00 a.m. on 6 December 2023.

 

Following Admission, the Company's enlarged share capital will comprise 1,963,122,679 ordinary shares of 1p each, each with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

 

                                               

Flagstaff Strategic and Investor Communications

Tim Thompson

Mark Edwards

Alison Allfrey

 

sound@flagstaffcomms.com

Tel: +44 (0)20 129 1474

Sound Energy

Graham Lyon, Executive Chairman

 

 

chairman@soundenergyplc.com

Cavendish Capital Markets - Nominated Adviser

Ben Jeynes 

Peter Lynch 

 

Tel: +44 (0)20 7220 0500

SP Angel Corporate Finance LLP - Broker

Richard Hail

 

Tel: +44 (0)7789 865 095

Gneiss Energy Limited - Financial Adviser

Jon Fitzpatrick

Paul Weidman

Doug Rycroft

 

Tel: +44 (0)20 3983 9263

 

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